Re: Freddie mac
Hello! Believe you are correct about Freddie Mac and
Frannie Mae being underdiscussed. I have no info re. these investments,
but I do know something about "callable"
investments. The investment "churn" can be a problem,
but that's why many bond investors (like me) try
to ladder maturities (or call dates). I have a bunch of stuff which is callable in 2004 and 2005. May be a problem, but in the meantime I am enjoying rates over
7% on everything and even if it all gets called, I will be
close to SS which will minimize the angst.